Terms of Service

Effective date: April 21, 2026

1. General Provisions

These Terms of Service ("Terms") govern the relationship between Orakul.cc platform ("Platform", "we", "us") and the user ("User", "you").

By registering on the Platform or using its services, you confirm that you have read and accept these Terms in full.

Contact: legal@orakul.cc

2. Definitions

• Platform — the Orakul.cc web service providing access to event contract trading.
• Event Contract — a financial instrument reflecting the probability of a specific event occurring. A contract has two or more outcomes (e.g., "Yes" / "No").
• Position — the number of contract shares purchased by the User.
• Market — an event contract available for trading on the Platform.
• USDT — Tether cryptocurrency (TRC-20) used for transactions on the Platform.
• Trader — a User who executes trades on the Platform.
• Market Resolution — determining the outcome and distributing payouts to holders of winning positions.

3. Eligibility

To use the Platform you must:

• Be at least 18 years old.
• Have only one account. Creating multiple accounts is prohibited.
• Provide a valid email address during registration.
• Not be a person prohibited from using such services in your jurisdiction.

4. Account and Security

You are fully responsible for your account security, including your password and two-factor authentication (2FA). We strongly recommend enabling 2FA.

The Platform is not liable for losses caused by unauthorized access to your account, unless caused by the Platform's fault.

The Platform reserves the right to suspend or terminate accounts for violating these Terms.

5a. Welcome Bonus Program

Every new user receives a welcome bonus on their first deposit, credited as trading credit in a dedicated wallet line (`welcome_bonus_balance`).

• Size: 100% match of the first deposit, capped at $100.
• Minimum deposit to qualify: $10.
• Validity: lifetime — no timer.
• Eligible markets: bonus may only be spent on Orakul official (LMSR) markets. Not usable on community markets or stream contracts.
• Spending order: on each trade — welcome bonus first, then referral bonus, then real balance.
• Turnover requirement: 3× the bonus amount must be traded on LMSR markets before profits become withdrawable. E.g., $50 bonus → $150 in trades.
• Bonus is non-cashable — it's trading credit. Only profits from bonus-funded trades become real, withdrawable USDT.
• Forfeiture: withdrawing any portion of the deposit before turnover is met forfeits the entire welcome bonus. The Platform displays a warning before this happens.

First-Trade Insurance

In addition to the welcome bonus, every new user gets first-trade insurance.

• Amount: 20% of the welcome bonus credited, capped at $20.
• Trigger: if your first trade on an Orakul (LMSR) market closes at a loss (via sell or market resolution — whichever first), the loss is refunded up to the insurance amount.
• Payout method: refund credits to welcome_bonus_balance (same wallet line), subject to the same 3× turnover rule and non-cashable status.
• Single-use: insurance is consumed by the first trade. If the first trade is profitable, insurance is consumed without payout.
• LMSR markets only: trades on community markets do not consume or trigger insurance.

Referral Bonus — Activation Mechanic

The referral bonus is 5% of the referee's deposits, credited to a separate protected bonus balance (`bonus_balance`).

• Activation: the bonus does NOT credit immediately on the referee's deposit. It credits after the referee clears their 3× welcome-bonus turnover. This protects against "deposit-and-withdraw" farming with sock-puppet accounts.
• Protected from forfeiture: referral bonus is never forfeited on withdrawal. You earned it fairly — it stays.
• Transparency: pending referrals (waiting for activation) are visible in your Affiliate Program dashboard.
• Turnover on use: when you spend referral bonus on trades, the same 3× turnover applies to unlock the resulting profits.

Anti-Abuse

The following is prohibited: creating multiple accounts to claim multiple bonuses; coordinated trading between accounts (wash trading); using bonuses solely to extract funds without genuine trading engagement. Violations result in bonus forfeiture, freezing of all linked accounts, and bans.

5. Deposits and Withdrawals

• Deposits: USDT (TRC-20). Minimum: 10 USDT.
• Withdrawals: USDT (TRC-20). Minimum: 5.0 USDT. Requests are processed manually.
• Blockchain transactions are irreversible. If you send funds to the wrong address or wrong network, they will be lost. The Platform is not liable for such losses.
• The Platform may request additional verification before processing withdrawals.
• The Platform may suspend withdrawals if fraud is suspected.

6. Event Contract Trading

The Platform uses an automated market maker (LMSR) for pricing on official markets. Share price reflects the market probability of an outcome.

• Platform fee: 2% per trade (buy and sell).
• Minimum trade: 0.10 USDT. Maximum trade: 100,000 USDT.
• Community contracts may have an additional creator fee (0–8%).
• Flash contracts (stream): platform fee 3%, automatic stream host fee 2%, creator fee 0–5%. Max stake per user per flash contract: 500 USDT.
• Tips: user-to-user tips charge 2% platform fee. Credited directly to recipient's real balance.
• Creators may trade on their own contracts — all such trades are publicly flagged (🎮 Creator).
• Complaints/reports can be filed any time by any trader with a position of at least 0.10 USDT. Only the reporter's stake is frozen pending admin review (up to 48h). A 10% penalty may apply for repeated false reports.
• Community markets: creator has 24h after close to submit outcome. Otherwise, a strike is issued (3 strikes = 30-day creator ban) and creator stake is distributed to opposing traders.
• VIP Affiliate program available for large streamers/influencers: up to 30% lifetime revshare, no turnover requirement. Approval by admin after verified social account confirmation.
• Upon market resolution: holders of winning shares receive payouts. Losing positions are zeroed out.

6a. Early Sell (Closing a Position Before Resolution)

The Platform allows users to close their position before the event resolves only on official markets (LMSR). This lets traders lock in profits or cut losses at any time.

• Official LMSR markets: selling is allowed. Exit price is computed mathematically from the market state.
• Community markets (pari-mutuel pool): early sell is not allowed. Pari-mutuel pools have a fixed liquidity model that doesn't support partial exits without harming remaining participants.
• Flash and stream contracts: early sell is not allowed. Flash contracts are irreversible by design — they're tied to a live broadcast and must resolve without cancellation to prevent abuse.
• Creator fee and stream-host fee charged at buy time are not refunded on sell.
• Every sell requires explicit user confirmation — once confirmed, it cannot be undone.

Sell fee structure (official markets)

The early-sell fee has three components:

• Base fee — 3% of sell proceeds. Applies to all sells.
• Price-impact surcharge — equal to slippage × 0.25. Larger sells move the market more; the more your sell shifts the displayed price, the higher the surcharge. Small sells barely incur any.
• 24-hour flip surcharge — 1%. If you sell a contract within 24 hours of buying it, an additional flat 1% is added.

All three components are shown in the confirmation sheet before you sell. Example: 3% base + 4.8% impact + 1% flip = 8.8% total.

Buy/sell cooldown

To prevent abuse and bot trading, sells of the same contract are disallowed for 30 seconds after a buy.

Winner-protection on community markets

Pari-mutuel pools distribute the prize pool to winners proportionally to their share count. If the opposing pool is very small, your maximum payout is capped at the pool size — even with a correct prediction you may end up net-loss because of fees.

Winner-protection: if your net result after pool distribution is still negative, the Platform automatically refunds your fee (in full or in part) up to break-even. The Platform does not pay above the refunded fee — this is loss protection, not profit guarantee.

Creator fee when winner-protection triggers: if any winner-protection refund is paid out on a community contract, the creator's fee is reduced by the total refund amount (capped at $0). The creator's role is to bring together both sides of the market; if the market was so one-sided that fees had to be refunded to winners, the creator absorbs that cost first. This prevents the creation of "sham" contracts with obvious outcomes designed to harvest the creator fee.

Stream-host fee when winner-protection triggers: on stream-tied community contracts, the stream-host fee is not paid immediately on each trade but accrues until market resolution. At resolution, the same rule applies as for the creator fee: after the creator has absorbed refunds, any remaining refund amount reduces the host fee (capped at $0). Absorption order: creator → stream host → platform. Stream hosts don't profit from sham one-sided contracts placed on their channel.

Market depth on official markets (LS-LMSR)

The depth parameter b in LMSR controls how much $1 of trading moves the price. The default b=100 works well for fresh markets, but on popular high-volume markets it causes excessive price impact and inflated fees on larger trades.

The Platform uses Liquidity-Sensitive LMSR (LS-LMSR): the b parameter grows automatically with cumulative market volume by the formula b = clamp(0.05 × volume; 100; 5000). This means:

• Fresh market ($0 volume) → b=100, same sensitivity as new markets today.
• $50,000 volume → b=2,500, market becomes "deep" — large trades have much less slippage.
• $300,000+ volume → b=5,000 (cap), market behaves like a real exchange.

b is recomputed before each trade based on prior volume. Existing positions and contract counts are unchanged. The change to b may slightly adjust the displayed market price over time, but always reflects the true liquidity state.

7. Market Resolution

• Official markets: resolved by Platform administration based on specified data sources.
• Community contracts: resolved by the contract creator. After submitting proof, a dispute window opens (72 hours).
• In disputed cases, the Platform administration makes the final decision.
• The Platform may void a market and refund all traders if resolution is impossible.

8. Community Contracts

Users may create their own event contracts. The Platform does not guarantee correct resolution of community contracts.

• The contract creator must provide proof of the outcome.
• Creators may set a fee (0–8%).
• Private contracts are accessible only via unique link.
• Trade community contracts at your own risk.

8e. VIP Affiliate Program

A VIP Affiliate program is available to large streamers, bloggers, and influencers. Approval is granted by Platform admin after identity verification through a verified social account.

• Rate: up to 30% (set per VIP by admin). Default 30%.
• What's included: the cut applies to the platform's slice of trade fees (NOT the full fee — creator and stream-host shares belong to them). Only on trades by your referrals: buys and sells on official markets, and buys on community pari-mutuel pools.
• What's excluded: tips, donations, deposits, creator fees, market-creation fees. Your referrals' deposits still trigger the standard 5% referral bonus (separate program, runs in parallel).
• No turnover requirement: credited to real balance, withdrawable any time.
• Real-time: credited atomically inside the trade transaction. If the trade rolls back, the payout rolls back too.
• Lifetime: active as long as the referral keeps trading and you remain a VIP affiliate.
• Self-deal blocked: you cannot earn commissions on your own trades.
• Status revocation: past payouts stay; future trades stop accruing.

9. Prohibited Conduct

The following is prohibited:

• Market manipulation (wash trading, coordinated trading).
• Trading on non-public information (insider trading).
• Creating multiple accounts.
• Exploiting Platform bugs instead of reporting them.
• Using automated tools (bots) without permission.
• Creating contracts on illegal events.
• Any actions violating applicable law.

Consequences: warning, temporary suspension, or permanent ban with fund confiscation.

10. Risk Disclosure

11. Disclaimer of Warranties

The Platform is provided "AS IS" without any warranties, including but not limited to:

• Guarantees of uninterrupted operation.
• Guarantees of data and pricing accuracy.
• Guarantees of fund safety in case of force majeure.
• Guarantees of profit from trading.

12. Limitation of Liability

The Platform is not liable for:

• Trading losses.
• Market resolution outcomes.
• Blockchain failures, including transaction delays and fund loss from incorrect addresses.
• Actions of third parties (hacking, phishing).
• Changes in legislation affecting Platform operations.
• Indirect, incidental, or punitive damages.

13. Force Majeure

The Platform is not liable for delays or failure to perform caused by force majeure: natural disasters, cyberattacks, blockchain network congestion, government actions, regulatory changes.

14. USDT Stablecoin

• USDT may lose its peg to USD (depeg). The Platform does not guarantee that 1 USDT = 1 USD.
• Transactions on the TRON network are irreversible.
• Network fees (gas fees) are paid by the user.

15. Taxes

The User is solely responsible for declaring and paying taxes in accordance with the laws of their jurisdiction. The Platform does not provide tax advice.

16. Intellectual Property

All Platform materials (design, code, logo, text) are the property of Orakul.cc platform. Copying, scraping, or reverse engineering without written permission is prohibited.

17. Termination

• You may stop using the Platform at any time.
• Before deleting your account, you must withdraw your funds.
• The Platform may block accounts for violating these Terms.
• In cases of fraud, funds may be confiscated.

18. Changes to Terms

The Platform may modify these Terms. The current version is always available on this page. By continuing to use the Platform after changes, you accept the updated Terms.

19. Contact

Orakul.cc platform

Email: legal@orakul.cc